The article gives a brief overview of what a notarial bond is, the requirements that need to be complied with to register a notarial bond and give tips regarding clauses that will prove to be[…]
Category: Financial
Budget Speech 2018
On 21 February 2018, Finance Minister Malusi Gigaba delivered the 2018 budget speech and these are the changes that have been noted: VAT has increased from 14% to 15% and will take effect from 1[…]
The risk of EFT fraud when selling a car
Electronic Funds Transfers, better known as EFTs, have become a popular payment method in South Africa, accepted by many in lieu of cash or cheque payments. This allows buyers to reverse payments and essentially fraud[…]
My dog just attacked someone
Due to circumstances beyond your control your dog bites someone. There is blood, an injury, and a shocked and angry victim. Luckily it is a small wound, but before you can mouth an apology, the[…]
How and when to use the small claims court
The small claims court (SCC) is for anyone who wants to institute a minor civil claim against someone else. You can also claim against companies and associations. However, the claims are limited to amounts that[…]
Sale of immovable property and the national credit act.
It often happens during a sale of immovable property that the parties agree to a deferred payment of the purchase price. The purchaser will then pay the purchase price in instalments and the seller will[…]
The interplay between the Consumer Protection Act and the National Credit Act, and the possibility of penalties with early settlement of credit agreements
Mr Black buys a BMW car in terms of a hire purchase agreement and the financing is done through BMW Finance. After a few months Mr Black inherits a huge sum of money and decides[…]
Please bring your FICA documents. You say what?
Following similar legislation in several developed countries, the Financial Intelligence Centre Act 38 of 2001 (FICA) created a framework and institutions intended to combat money laundering and the financing of terrorist and related activities. One[…]